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Microchip Technology (MCHP)
NASDAQ:MCHP

Microchip (MCHP) Price & Analysis

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MCHP Stock Chart & Stats

$62.73
-$1.00(-1.74%)
At close: 4:00 PM EST
$62.73
-$1.00(-1.74%)

Bulls Say, Bears Say

Bulls Say
Demand Recovery And Margin MixRising bookings, an improving book-to-bill ratio, and normalized distributor inventories point to strengthening demand and a shift toward higher-margin data center and networking products that should boost gross margins.
Design Wins And Market ExpansionMultiple design wins for next-generation PCIe switches and traction in data center and FPGA applications expand the company's addressable market and support future revenue growth beyond legacy analog products.
Financing And Capital StructureNew convertible financing reduces interest expense and is expected to retire higher-cost short-term debt, easing annual interest payments and improving liquidity.
Bears Say
Manufacturing UnderutilizationUnderutilized internal manufacturing is creating underloading charges that pressure margins and cash generation, indicating margin recovery may be slow until factory utilization improves.
Operating Expense PressureHigher operating expense guidance offsets some margin gains and limits earnings upside even as revenue shows improvement.
Valuation And Upside LimitationCurrent stock valuation largely reflects the operational recovery, prompting a valuation discount versus recently elevated peers and reducing upside potential for investors.

Microchip News

MCHP FAQ

What was Microchip Technology’s price range in the past 12 months?
Microchip Technology lowest stock price was $34.13 and its highest was $83.35 in the past 12 months.
    What is Microchip Technology’s market cap?
    Microchip Technology’s market cap is $33.95B.
      When is Microchip Technology’s upcoming earnings report date?
      Microchip Technology’s upcoming earnings report date is May 11, 2026 which is in 59 days.
        How were Microchip Technology’s earnings last quarter?
        Microchip Technology released its earnings results on Feb 05, 2026. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.429 by $0.011.
          Is Microchip Technology overvalued?
          According to Wall Street analysts Microchip Technology’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Microchip Technology pay dividends?
            Microchip Technology pays a Quarterly dividend of $0.455 which represents an annual dividend yield of 2.79%. See more information on Microchip Technology dividends here
              What is Microchip Technology’s EPS estimate?
              Microchip Technology’s EPS estimate is 0.5.
                How many shares outstanding does Microchip Technology have?
                Microchip Technology has 541,135,440 shares outstanding.
                  What happened to Microchip Technology’s price movement after its last earnings report?
                  Microchip Technology reported an EPS of $0.44 in its last earnings report, beating expectations of $0.429. Following the earnings report the stock price went down -2.601%.
                    Which hedge fund is a major shareholder of Microchip Technology?
                    Currently, no hedge funds are holding shares in MCHP
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Microchip Technology

                      Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

                      Microchip (MCHP) Earnings & Revenues

                      MCHP Company Deck

                      MCHP Earnings Call

                      Q3 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call presents a constructive operational and financial recovery: revenue and backlog strengthened materially (Q3 net sales +4% sequential, +15.6% YoY; March guidance +6.2% sequential), non-GAAP margins and free cash flow improved, and the company announced meaningful design wins and strategic partnerships (Hyundai, Gen6 PCIe wins). However, noteworthy near-term headwinds remain — inventory days are high, meaningful inventory reserves and underutilization charges continue, leverage is still elevated (net debt/EBITDA 4.18) and certain supply-chain/foundry constraints are broadening. Management is prioritizing debt reduction and cautious OpEx discipline while investing to support growth. On balance, the positive execution, improving demand and strong guidance outweigh the operational and balance-sheet challenges.View all MCHP earnings summaries

                      MCHP Revenue Breakdown

                      51.11%51.11%26.29%22.60%
                      51.11% Mixed-signal Microcontrollers
                      26.29% Analog
                      22.60% Other
                      tipranks

                      MCHP Stock 12 Month Forecast

                      Average Price Target

                      $87.68
                      ▲(39.77% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 25,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":47.091,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 27,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 15, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":44.644,"date":1746057600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":53.117,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 56, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":63.347,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 32,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 45, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      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